Innovate Finance, the independent membership organisation representing UK’s global FinTech sector, is returning to Davos this week with a delegation of members to discuss this year’s theme of Responsive Leadership
The state-backed lender, which is part of Royal Bank of Scotland, is joining forces with Iwoca, which offers working capital to small businesses, and Together, a property-secured lender, as a way to refer business and commercial customers that do not meet NatWest’s appetite for risk.
"Financial institutions have reported to have taken weeks to onboard new clients and expect it go up in the future," Celent analysts Arin Ray and Neil Katkov wrote in a recent report. "Some are concerned that a prolonged and cumbersome onboarding process could become a competitive disadvantage."
UK cyber security company Darktrace has turned to Silicon Valley in a bid to secure funding which would see the company valued at $400m (£283.2m)
The company, which is headquartered in both Cambridge, UK, and San Francisco, USA, was founded in 2013 by mathematics and computer specialists from the University of Cambridge and intelligence experts from MI5 and GCHQ.